PESONet, InstaPay now ‘prominently important’

THE CENTRAL BANK on Thursday said fund transfer services PESONet and InstaPay have been designated as Prominently Important Payment Systems. — PONGSAWAT PASOM-UNSPLASH THE BANGKO SENTRAL ng Pilipinas (BSP) approved the designation of major electronic fund transfer services PESONet and InstaPay as Prominently Important Payment Systems (PIPS) to promote consumer welfare amid the central bank’s […]

SEC expands online payment system

THE Securities and Exchange Commission (SEC) said on Thursday that it has added new options for its online payment system. The commission said that this would make payments for registration and transaction fees “faster and more convenient for the public.” GCash payment wallets can now be used to settle registration and transaction fees and penalties […]

SEC’s online payment system now accepts GCash

THE Securities and Exchange Commission (SEC) continues to add new options for its online payment system, making payment for registration and transactions fees faster and more convenient for the public.Clients can now use their GCash payment wallets to settle registration and other transaction fees, as well as penalties with the commission, through the Electronic System […]

LANDBANK cuts Link.BizPortal payment fees to P7 from P15

LAND BANK of the Philippines (LANDBANK) reduced Link.BizPortal transaction fees to provide more accessible services and meet the growing digital needs of its customers. “We continue to encourage our customers to make cashless payments in a convenient, safe and cost-effective manner. The lowered LinkBiz transaction rates form part of LANDBANK’s contribution towards building a cash-lite […]

XanPay Payment Gateway Accelerates AsiaVape’s Local Payments Strategy into Asian Markets

HONG KONG, April 12, 2022 – (SEAPRWire) – XanPay is proud to announce AsiaVape has partnered with them to enable Alternative Payment Methods (APMs) for its consumers across Asia; simplifying cross-border payment acceptance, enabling them to access nearly a billion consumers who use these APMs. In Southeast Asia, where most of AsiaVape’s customer’s reside, alternative payment methods are […]

Foreign exchange transfer systems designated as systematically important

THE MONETARY BOARD approved the designation of the Philippine Domestic Dollar Transfer System (PDDTS) and the Philippine Peso – US Dollar Payment versus Payment System (PvP) as systematically important payment systems (SIPS), the central bank said in a statement on Monday. These systems will be subjected to tighter supervisory rules of the Bangko Sentral ng […]

XanPay Partners with SWAG to Launch New Alternative Payment Methods

Strong Growth of the Online Entertainment Space HONG KONG, February 9, 2022 – (SEAPRWire) – Recently, XanPay announced a partnership with SWAG, a leading online entertainment interactive brand, to launch new alternative payment methods. Online entertainment experienced exponential growth during the pandemic. According to a related report, the worldwide traffic of online entertainment has grown substantially during […]

Yeahka ranks No. 1 in the non-bank independent QR code payment service market in China

HONG KONG, Jan 21, 2022 – (ACN Newswire via – According to the “Thematic analysis on industrial payment in China in 2021” report recently published by the Chinese consulting firm Analysys, Yeahka Limited (“Yeahka” or the “Company”) (09923.HK) ranks first in China’s non-bank independent QR code payment service market, in terms of its all-round […]

XanPay Announces Partnership with Elitedias Game Platform on New Payment Options across Southeast Asia

– Elitedias leveled up, offering new payment options catered to local preferences – The game top-up company expanded to 3 countries – Malaysia, Indonesia, Australia – Homegrown users has grown 5x within 3 months of integration HONG KONG – January 2022 – Elitedias, the Singapore-based game credits top-up platform launches new payment options with XanPay across Southeast […]

Rebirth of Digitalization: A booster for taxpayers and the government

Christmas commemorates the birth of Jesus and is observed every Dec. 25. A few days more, and we will be officially celebrating the holiday most associated with giving. And despite the COVID-19 pandemic, it looks like the long-awaited recovery is taking hold. Many changes have transpired since COVID-19 upended our lives. The vaccination campaign has […]

KPay serves more than 8,000 merchants in its first year of business

HONG KONG, Dec 16, 2021 – (ACN Newswire via – Established in Hong Kong at the end of 2020, fintech start-up KPay has broken the industry record among local comprehensive payment solution service providers in just one year by providing more than 8,000 local small and medium merchants with comprehensive and advanced offline payment […]

JCB and Keychain Implement Offline Payments using NFC

TOKYO, Dec 15, 2021 – (JCN Newswire via – JCB Co., Ltd. Japan’s only international payment brand (Head Office: Tokyo, Japan) and Keychain GK (Head Office: Singapore) implement offline payments using near-field communication (NFC), self-sovereign identity, and blockchain technology. Figure 1. Offline Payment Concept With the spread of 5G and the development of Internet […]